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Big gas find in Cyprus could benefit Egypt + GB Auto to assemble Chinese trucks
Another big East Med gas find: Eni and TotalEnergies have made a “significant” gas discovery in a shared exploration block…
Chairman of new capital developer resigns, citing health reasons
Ahmed Zaki Abdeen will step down as chairman of the Administrative Capital forUrban Development (ACUD) at the beginning of September…
MNHD shareholders reject SODIC’s advance
MNHD shareholders back board, say offer price was too low: Madinet Nasr Housing and Development (MNHD) shareholders meeting in a…
THIS MORNING: CBE odds-on to hike rates this Thursday + Kenya has a new president
Good morning, friends, and welcome to a big news morning. There’s plenty of good news today, including the first tentative…
MNHD revenues double in 2Q 2022
Madinet Nasr Housing and Development’s (MNHD) revenues more than doubled in 2Q 2022 due to a rise in deliveries, it…
Earnings watch: MNHD, TMG Holding report 2Q earnings
EARNINGS WATCH- Madinet Nasr for Housing and Development’s bottomline dipped 0.9% y-o-y in 2Q2022 to EGP 116.7 mn, according to…
PROJECT PROFILE- Darah Provincial Capitals Development Project
PROJECT PROFILE- Darah Provincial Capitals Development Project: At the end of 2020, the government announced the start of a new…
Aldar could invest USD 1.5 bn in Egypt, Saudi + the UAE over the next year
Emirati real estate giant Aldar Properties still sees potential to invest another USD 1.5 bn in Egypt, Saudi Arabia and…
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